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608 N Breed Street

Los Angeles, CA 90033
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Bed 9

Bed

Bath 4

Bath

SqFt8,250

Sqft(Lot)

8.18% Cap Rate at Lease Up! 608 N Breed St presents a rare opportunity to acquire a 4-unit multifamily property in prime Boyle Heights, offered at $995,000, reflecting an 8.18% current cap rate and an 8.58 GRM. Two of the four units will be delivered tenant ready, creating immediate flexibility for a new owner to renovate, reposition, and capture higher rents. The property also features a highly desirable 4 Bed/1 Bath front house, making it an excellent option for an owner-user looking to live in a spacious home while generating rental income from the remaining units. Residential financing is available, further expanding the pool of potential buyers. Originally built in 1923, the property consists of approximately 3,330 SF of rentable building area on a generous 8,250 SF lot, approximate ly $299/SF. The unit mix includes (1) 1+1, (2) 2+1, and (1) 4+1 units, along with four on-site parking spaces. With two tenant ready units, a large lot, functional unit mix, and strong owner-user component, the property offers a unique combination of immediate flexibility and long-term rental upside. Pro forma rents reflect a 13.66% increase in scheduled income, providing a clear path to improving cash flow. Situated in the heart of Boyle Heights, 608 N Breed St benefits from convenient access to Downtown Los Angeles, major employment centers, retail, dining, and public transportation. The property's location makes this a compelling opportunity for an investor or owner-user looking to acquire a well-located multifamily property with room to add value.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $995,000

AD Id : 89632711

MLS Id : SB26180245

Beds : 9

Lot Size : 8,250 Sqft

Year Built : 1908

Garage : 4

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1908
    Building Area Total: 3330
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 8250 Lot Size Acres: 0.1894 Lot Size Source: Assessor Lot Size Square Feet: 8,250 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $995000
    Cash, CashToNewLoan, Conventional, Contract

  • Tax Information

    Parcel Number: 5175004016 Tax Lot: 15

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: west of Soto Street and north of Cesar Chavez Avenue WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1652 Murchison, Los Angeles, CA, 90033 $4,600,000 40 40 --
2316 Michigan, Los Angeles, CA, 90033 $1,100,000 6 6 --
436 S Soto, Los Angeles, CA, 90033 $1,350,000 1 1 --

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ByOwner last updated this listing 08/20/2026 @ 19:10

MLS: SB26180245 LISTED BY: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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